This report presents data and analysis on the U.S. market kitchen cabinet manufacturing and its prospects for growth.
Online PR News – 05-October-2009 – – The kitchen is the epicenter of modern American family life and the media’s makeover darling. In spite of all this attention and excitement, the kitchen cabinet industry may very well be in for a sustained slowdown according to a new report by Specialists in Business Information (SBI).
After several years of accelerated growth, apparent consumption of kitchen cabinetry in the United States eclipsed the $14 billion mark in 2006. However, homeowners reigned in spending and homebuilders pared back on construction bringing harder times to kitchen cabinet manufacturers bringing the market down an estimated 13% in 2007. With economic uncertainty and a housing depression unfolding into 2008, it’s pretty clear that the immediate outlook for the kitchen cabinet market looks bleak. But the real questions are when will there be a bottom and how soon will growth return?
This report presents data and analysis on the U.S. market kitchen cabinet manufacturing and its prospects for growth. It explores the key economic and housing related indicators, end-user, product and market trends with expanded coverage of green factors, and competitive issues affecting the kitchen cabinet manufacturing.
Report data were obtained from government sources, trade associations and publications, business journals, company literature, and investment reports. Statistics describing the value of shipments for kitchen cabinets are derived from the U.S. Census Bureau’s Census of Manufacturers and Annual Survey of Manufacturers, and are augmented by estimates and forecasts by SBI. In most cases, historical data are provided for 1998 through 2007, with forecast data from 2008 to 2012. Because some data are taken from the Census of Manufacturers, which is generated every five years for years ending in 2 or 7 (the last census being 2002), SBI occasionally includes 1997 to show an actual base. At other times, estimates for years falling between 1997 and 2002 were used.
Statistics describing the value of imports and exports for kitchen cabinets were derived from the U.S. International Trade Commission database. SBI defines the market for kitchen cabinets as apparent consumption, which is calculated as the value shipments, plus the value imports, less the value exports.
Other data analyzed in this report include several metrics describing residential construction and housing such as home improvement spending and new home sales.
Simmons Market Research Bureau’s winter 2008 survey, based on a sample of over 20,000 respondents, provides the primary research data on consumer remodeling habits and kitchen cabinet expenditures.
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